Doubt it’s going to be one and done. I’m expecting several national rounds with varying emphasis: auto (transportation), mortgage (banking/finance), utilities (oil/coal), etc. Also anticipate state and local governments (elected officials) will develop their own regional and local stimulus strategies...
Wouldn't surprise me. I'm afraid whenever they do send the money out to citizens, as soon as the people spend it you're going to hear a lot of complaining wanting more. The debt as a result of all of this is concerning.
The longer this goes on the more money we're going to need and then a check at the end to jumpstart spending.
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Man that's rough...Originally Posted by Bassin08
This stimulus is not in that number yet. We are looking at possibly 6 trillion before we get past this. I’m thinking our bond ratings drop, interest rates increase and we are going to be in a world of hurt. I know this is a negative outlook, but I just can’t find the financial positivity in this. I just pray that our scientists can find a cure to stop the spread fast!
I think a quick cure like you say is the only thing that can solve it.
Here's an article on estimates for sending out stimulus checks. It includes a calculator about mid-page. Plug in your 2019 adjusted gross income, and number of children, and it will provide the amount you can expect. As I understand it, your 2018 adjusted gross income will be used to calculate the amount if you haven't filed your 2019 return.
https://www.cnn.com/2020/03/27/polit...tor/index.html
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